As speculation continues about the contents of the Chancellor's Budget on 16th March, the TaxPayers' Alliance is reiterating calls for him to increase the state pension age and cut taxes. Jonathan Isaby, Chief Executive of the TaxPayers' Alliance, said:
On the state pension age:
"The state pension age went unchanged for for more than 50 years despite a remarkable increase in life expectancy meaning longer and more costly retirements. The Government is rightly increasing the state pension age, but more needs to be done if it is to remain sustainable, especially considering the Government's irresponsible "triple lock" commitment. It's only reasonable that if people are living longer, they should work longer: the bill can't just fall on today's workers and tomorrow's taxpayers."
On the importance of tax cuts:
"It's now abundantly clear that the 50p rate of Income Tax was a costly mistake that failed to increase revenues and made Britain a less attractive place to live for the high earners on whom the Treasury is so dependent.
"Despite all the evidence to the contrary, there are still some politicians who would rather try to hit high earners with tokenistic taxes rather than rooting out waste in government to repair the public finances. The Chancellor should take further steps to lessen the burden on all taxpayers at the Budget, leaving more money in people's pockets and making Britain a more attractive place to work for global talent."
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